Outstanding Recoveries

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Verdicts & Settlements

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  $100 Million Settlement – General Electric Co. ERISA Litigation

  In re General Electric Co. ERISA Litigation, No. 04-1398 (N.D.N.Y.)

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  Milberg, serving as Co-Lead Counsel, achieved a $40 million settlement on behalf of current and former G.E. employees who claimed that G.E.’s 401(k) Plan fiduciaries imprudently invested more than two-thirds of the Plan’s assets in company stock. The settlement included important structural changes to G.E.’s 401(k) plan valued at more than $100 million.
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  $10 Million Settlement – Target Corporation Customer Data Security Breach Litigation

  In re Target Corporation Customer Data Security Breach Litigation, No. 14-md-02522-PAM (D. Minn.)

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  Milberg represented as many as 110 million Target customers whose personal information was compromised in this landmark data breach case. Milberg, together with Co-Counsel, achieved compensation of $10 million, entitling individual consumers to recover losses of up to $10,000.
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  $1.25 Billion Settlement – Black Farmers Discrimination Litigation

  In re Black Farmers Discrimination Litigation, Case Number 08-mc-0511 (U.S. District Court for the District of Columbia)

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  Milberg attorneys were appointed Lead Counsel and secured a $1.25 billion settlement fund for black farmers who alleged the U.S. Department of Agriculture discriminated against them by denying farm loans.
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  $500 Million Settlement – Managed Care Litigation

  In re Managed Care Litigation, MDL 1334 (S.D. Fla.)

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  This litigation involved a series of lawsuits by physicians and medical associations alleging that the defendant insurers engaged in a scheme to obstruct, reduce, delay, and deny payments and reimbursements to health care providers. The court approved a similar settlement between a nationwide class of physicians and defendant CIGNA Healthcare valued in excess of $500 million. The settlements produced sweeping changes in the health care industry.
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  $1+ Billion Settlement – NASDAQ Market-Makers Antitrust Litigation

  In re NASDAQ Market-Makers Antitrust Litigation, No. 94-3996 (S.D.N.Y.)

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  Milberg served as Co-Lead Counsel for a class of investors alleging that NASDAQ market-makers set wide spreads pursuant to an industry-wide conspiracy in one of the largest and most important antitrust cases in recent history. Following more than three years of litigation, the case settled for over $1 billion.